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The first rate rise for nearly seven years could unleash a new wave of debt problems, campaigners warn as Mark Carney, Governor of the Bank of England, signalled on Thursday that a rate increase could come around “the turn of the year”.

Mike's most recent appearance on LBC's Money Hour on June 15th with Clive Bull is now available here for you to listen to. On this show, Mike talks to Clive about the latest news affecting consumers with debt issues and takes calls, texts and emails from listeners around the country.

Below is a timeline of the audio to make it easier to access certain parts of the show. Just click below to start listening.

This topic was about giving children pocket money or should they have a job instead and would dealing with money at an early age help them to manage their finances in the future. Mike reveals some useful tips on teaching children about the value of money and what he did to educate his own children. Mike was then asked what age was his youngest client and what were the circumstances, his response stunned the presenters.

Mike was in the studio of Leading Britain’s Conversation (LBC) between 9-10 pm talking to Clive about the latest news affecting consumers with debt issues and took calls, texts and emails from listeners around the country.

How to listen & Timeline

You can listen to the 'Money Hour Debt Show' on the free bite size podcast from LBC by clicking below on

Mike was in the studio of Leading Britain’s Conversation (LBC) between 9-10 pm talking to Clive about the latest news affecting consumers with debt issues and took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Money Hour Debt Show' on the free bite size podcast from LBC by clicking below on

Mike was in the studio of Leading Britain’s Conversation (LBC) between 9-10 pm talking to Clive about the latest news affecting consumers with debt issues and took calls, texts and emails from listeners around the country. Mike says 'this was a cracking show'.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

Mike was in the studio of Leading Britain’s Conversation (LBC) between 9-10 pm talking to Clive about the latest news affecting consumers with debt issues and took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

With 1.4 million consumers going to a payday lender just to get through Christmas, Mike Thomas, founder of debtwizard.com, talks to Going Underground host Afshin Rattansi about the key points of the new payday lenders regulation due to start on the 2nd January 2015. Next is the dramatic fall of the numbers of consumers going bankrupt which Mike illustrates by comparing the 2009 statistics with 2013 and gives his view as to what the government have done which is suppressing the numbers.

Mike explained the three key points of the new Payday loan rules announced today by the City regulator and what it actually means to borrowers. He then reveals the maximum cost per day for every £100 borrowed under the new rules and cites a case with the Brent Citizens Advice how one payday loan of just a few hundred pounds spiraled out of control to reach £20,000.

Mike Thomas aka The DebtWizard spoke to Mike Graham about the surprise news of ex England goalkeeper David James going bankrupt and explains why he is being asked to sell off football memorabilia.

Mike gives an example of what can happen if you sell an asset too cheaply, like a car to a colleague, reveals how and why the Official Receiver (OR) is looking for a bankrupt's disposable income and dispels the myth that bankrupts don't pay anything towards their bankruptcy administration.

Mike will talk to Paul about Wonga’s recent decision to write off £220million in payday loans and what this actually means to some of its customers including their credit rating and default notices. Mike then reveals the cost comparison of using a credit union as opposed to a payday lender, it is startling!

This was another fabulous show with Mike in the studio of Leading Britain’s Conversation (LBC) with Clive between 9 and 10 pm talking about Wonga writing off 220m of customers debts plus taking calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

Mike was commenting on the case of Philip, an elderly gentleman, who was 'conned' out of £70,000 by a friend. Mike goes through Philip's options and refers to another case he is dealing with which is similar and the debt is now £832,000.

This was another fabulous show with Mike in the studio of Leading Britain’s Conversation (LBC) with Clive between 8 and 9 pm talking about the latest news affecting consumers with debt issues and taking calls, texts and emails from around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

Mike spoke to James about a credit union that is to open on Friday 25th July in a High Street bank in Chelmsford, he also reflected on the new FCA rules that will effect payday lenders from January 2015 and revealed how a payday loan debt above a thousand pounds can be secured on a debtor's home, if owned. Please note from January next year, if you borrow £100 for 30 days and pay back on time, you will not pay more than £24 in fees and charges and not on £300 as Mike said at the end of the clip.

Mike was talking to the effervescent Mr Jonathan Vernon-Smith and Derek, a listener, who was recently made bankrupt in Cyprus. Derek was worried about how this would impact on his credit file and whether he could lose his home in the UK. He also had one other real worry, as he was married to a Cypriot, could he be arrested at the passport control when entering Cyprus? Mike reveals all the answers

Mike was in the studio of Leading Britain’s Conversation (LBC) talking to Clive about the latest news affecting consumers with debt issues. He also took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

Mike spoke with Penny Smith and Paul Ross about the rising number of Londoners struggling to pay their council tax. Mike then explains how one Metropolitan police officer was made bankrupt by his council for non payment and how the cost to annul his bankruptcy went into thousands. Mike reveals other examples of how non payment of council tax can lead to having the home being repossessed or even going to prison for your debts. He then reveals where to get that important 'free' debt help and advice.

This was another fabulous debt phone-in with Mike live in the studio talking to Clive about the latest news affecting consumers with debt issues. He also took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

Mike Thomas spoke to Dave about 'The dangers of loan sharks being taught in schools', how parents can best educate their children about money, how our culture makes everyone in debt, the keys triggers of debt, why it is difficult to ban payday loan advertising because they pay for their adverts and how one of his clients went bankrupt at 23 years of age with debts of £32,000.

Warning about how long it can take to clear a £2,000 credit card debt when making just the minimum payments. The four key triggers that lead to debt. How important it is to understand how the debt management industry work, those firms that will charge you fees for the debt advice and service and those that will not. An example of how someone can pay £3,600 in fees on a debt of £15,000. The type of information you will need to hand before you make that call and what to expect from the debt advisor. Fascinating stuff!

Topic was the key reasons why people get into debt, how the debt management industry is split into two with firms that will charge you fees and agencies that will not.

Mike then demonstrates how easy it is to spot a dodgy debt advice website with his one minute test. What happens when someone makes contact with a debt management agency and what information you will need to hand for that call?